Approximately $4.76 billion was wagered on Super Bowl 52 in 2018, with an astounding 97% of that total having been wagered illegally.
Having been outlawed at a federal level (except for Nevada) until recently, it’s been a long and controversial road from a regulatory standpoint for the Sports Betting industry. In fact, we would even go so far as to say that a sportsbook can be viewed, to a certain extent, as an exchange, with the main stipulations being that the house tips the odds (and liquidity, or so to speak) in their favor, instead of relying on market makers.
Sports betting and stock trading share some very similar qualities, from risk management strategies and profit-taking techniques to the impact of expectations on the value of a trade.
